Written Agreement by and between ROYAL BANCSHARES OF PENNSYLVANIA, Docket No. 10-022-WA/RB-HC INC. Narberth, Pennsylvania and FEDERAL RESERVE BANK OF PHILADELPHIA Philadephia, PennsylvaniaRoyal Bancshares of Pennsylvania Inc • March 18th, 2010 • State commercial banks
WHEREAS, Royal Bancshares of Pennsylvania, Inc, Narberth, Pennsylvania (“Bancshares”), a registered bank holding company, owns and controls Royal Bank America, Narberth, Pennsylvania (“Royal Bank”), and Royal Asian Bank, Philadelphia, Pennsylvania, both state nonmember banks (collectively, the “Banks”), and various nonbank subsidiaries;
